Inceptionr LLC acquired a new stake in Xometry, Inc. (NASDAQ:XMTR – Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 7,372 shares of the company’s stock, valued at approximately $301,000.
Several other hedge funds have also added to or reduced their stakes in the business. GAMMA Investing LLC lifted its holdings in Xometry by 26.5% during the fourth quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock worth $46,000 after acquiring an additional 162 shares in the last quarter. Comerica Bank raised its position in shares of Xometry by 17.9% during the third quarter. Comerica Bank now owns 1,140 shares of the company’s stock worth $62,000 after purchasing an additional 173 shares during the period. M&T Bank Corp raised its position in shares of Xometry by 2.1% during the fourth quarter. M&T Bank Corp now owns 8,590 shares of the company’s stock worth $510,000 after purchasing an additional 180 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of Xometry by 9.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,270 shares of the company’s stock valued at $194,000 after purchasing an additional 290 shares in the last quarter. Finally, Mariner LLC lifted its holdings in shares of Xometry by 3.2% during the 3rd quarter. Mariner LLC now owns 9,844 shares of the company’s stock valued at $536,000 after purchasing an additional 301 shares in the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. The Goldman Sachs Group reissued a “neutral” rating and set a $78.00 target price on shares of Xometry in a research note on Friday, May 8th. Citizens Jmp upped their price target on shares of Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a report on Friday, May 8th. Citigroup upped their price target on shares of Xometry from $65.00 to $98.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Cantor Fitzgerald raised shares of Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 price objective for the company in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada raised their price objective on shares of Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Xometry presently has an average rating of “Hold” and an average target price of $84.25.
Xometry Trading Down 0.5%
Shares of NASDAQ:XMTR opened at $85.92 on Tuesday. The company’s 50-day moving average price is $91.27 and its two-hundred day moving average price is $66.93. Xometry, Inc. has a one year low of $30.63 and a one year high of $106.08. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.76. The stock has a market capitalization of $4.45 billion, a PE ratio of -84.24 and a beta of 1.27.
Xometry (NASDAQ:XMTR – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.05. The company had revenue of $205.14 million during the quarter, compared to analysts’ expectations of $188.46 million. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.Xometry’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.05) EPS. On average, equities analysts forecast that Xometry, Inc. will post -0.06 EPS for the current fiscal year.
Insider Activity
In other Xometry news, insider Subir Dutt sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $79.86, for a total value of $399,300.00. Following the completion of the transaction, the insider directly owned 104,732 shares in the company, valued at $8,363,897.52. This trade represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Randolph Altschuler sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $87.85, for a total value of $4,392,500.00. Following the transaction, the chief executive officer directly owned 455,248 shares in the company, valued at $39,993,536.80. This trade represents a 9.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 80,496 shares of company stock valued at $7,124,340. Corporate insiders own 9.10% of the company’s stock.
About Xometry
Xometry, Inc (NASDAQ: XMTR) operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.
Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.
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